Fort Knox follows up hot values
Fort Knox Gold Resources (FNX-T) is carrying out an induced-polarization survey over the McBratney Lake platinum-palladium property, 7 km east of Flin Flon, Man.In September, Fort Knox acquired an opt…
2000
Looming slowdown triggers liquidation
The report period Dec. 11-15 saw a bout of liquidation in metals markets, inspired by worse-than-expected U.S. economic data. As a result, prices fell back — nickel, by 2.9%; tin, by 1.7%; and lead, …
Inca tests Peruvian tin
Having farmed-out most of its own properties, Inca Pacific Resources (IP-V) has turned its attention to a high-grade tin prospect owned by Peruvian-based Minsur.The Santo Domingo prospect lies 20 km w…
Keith Minty named ‘Mining Man of the Year’
Few mines have endured a rockier road to production than Lac des les, Canada’s only primary platinum group metals (PGMs) mine. It is no understatement to say that many viewed its construction as the …
Canadian Stock Exchange Indices (December 25, 2000)
DateDec. 19Dec. 18Dec. 15Dec. 14Dec. 13HighLowTSE 3008886.179008.639020.049069.389098.12…
GOLD FUNDS (December 25, 2000)
Gold Funds as of Dec. 14 2000Dundee Precious MetalsCentral FundNet Value$11.38$5.34Price$6.30$4.550Discount44.64…
Richmont forges ahead at Hammerdown project
Richmont Mines (RIC-T) has received heartening results from bulk sampling at the Hammerdown gold property in northwestern Newfoundland.Between July and September, Richmont extracted 19,300 tons gradin…
LME WHSE LEVELS (December 25, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 19/00 (change from Dec. 12 in brackets):MetalStock(tonnes)ChangeAluminium298925(…
Placer explores Madsen
Placer Dome (PDG-T) is gearing up to explore the 40-sq.-km Madsen gold project in Red Lake, Ont.The major, which operates the nearby Campbell gold mine, can earn a 55% interest from Claude Resources (…
Select juniors offer upside potential
As tax-loss selling draws to a close, so does the opportunity to take advantage of a seasonal weakness in the junior mineral resource market before liquidation dries up by year-end. With this in mind,…
Hecla sells non-core assets
Denver — Hecla Mining (HL-N) has agreed to sell its ball clay and kaolin division to Toronto’s Zemex (ZMX-T) for US$68 million.The Coeur d’Alene, Idaho-based miner will use the proceeds to pay down b…
EVENTS (December 25, 2000)
Jan. 1-31, 2001 33rd Annual Canadian Mineral Processors Conference — Ottawa. Contact R.J. MacDonald. Tel: (613) 996-2283. Fax: (613) 996-9041.Jan. 11-13 Western Inter-University Geological Conference…